After a visit from the FDIC and an action plan to fix this issue and adjust our spread up from 3.65, we saw the following improvements:
- ROA went from 1.10 to 2.03
- ROE went from 18.07 to 31.86
- Spread went from 3.65 to 5.13
- Fed funds purchased went from 165% to 38%
Our decisions were very easy last quarter because we knew we had a spread and a funding issue. This quarter's decisions were just turned in and I can honestly say we didn't have as much focus on where to place our emphasis because there wasn't an obvious issue in need of attention. Hope we didn't play things too safe. We'll know in a couple hours...until then... - mz
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